Bluesky Secures $100M Series B Funding

Social media platform Bluesky has successfully closed a $100 million Series B funding round following a recent CEO transition. The substantial capital infusion will be allocated towards scaling the company's team and advancing the development of both its user-facing application and the underlying ATProto protocol. This funding signifies strong investor confidence in Bluesky's growth trajectory and its technological infrastructure as it continues to expand its user base and feature set.